Slide 1: Quarter 1, 2019 Financial Performance Overview
Canfor Corporation and Canfor Pulp Products Inc. Quarter 1, 2019 Financial Performance Overview Presented by: Alan Nicholl – CFO & Executive VP, Finance & Canfor Pulp Operations C A N F O R C O R P O R A T I O N
Slide 2: Forward-Looking Statements
Forward-Looking Statements The presentation and answers to questions today contain forward-looking statements which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements express
Slide 3: Q1 2019 Review: Items Impacting Earnings Comparability
Canfor Corporation Q1 2019 Review: Items Impacting Earnings Comparability Q1 2019 Q4 2018 (millions of dollars, except for per share amounts) $ $/Share $ $/Share Shareholder net loss, as reported $ (89.5) $ (0.71) $ (52.4) $ (0.42) Non-operating items (after-tax, net of non-controlling interests) Co
Slide 4: Sales and Operating Earnings Summary
Canfor Corporation Sales and Operating Earnings Summary Q1 Q4 Variance (millions of dollars unless otherwise noted) 2019 2018 Gross sales $ 1,148.7 $ 1,028.1 $ 120.6 Reported operating income (loss) by segment: Lumber $ (78.0) $ (87.7) $ 9.7 Pulp and Paper $ 18.1 $ 15.6 $ 2.5 Unallocated and Other $
Slide 5: Countervailing and Anti-Dumping Duty
Canfor Corporation Countervailing and Anti-Dumping Duty Summary Q1 Q4 Variance Effective Duties by Quarter: 2019 2018 Cash Deposits Paid1 $ 33.2 $ 29.7 $ 3.5 Incremental Duty Expense, attributable to current quarter2 $ 7.4 $ (5.5) $ 12.9 Effective Duty Expense, net, for the current quarter3 $ 40.6 $
Slide 6: Lumber: Q1 2019 vs. Q4 2018
Canfor Corporation Lumber: Q1 2019 vs. Q4 2018 Q1 Q4 Variance (millions of dollars unless otherwise noted) 2019 2018 Sales $ 844.7 $ 738.4 $ 106.3 Operating loss before amortization, as reported $ (14.0) $ (38.2) $ 24.2 Operating loss, as reported $ (78.0) $ (87.7) $ 9.7 Operating loss, as adjusted
Slide 7: Canfor Pulp Products Inc. Sales and Operating Earnings Summary
Canfor Pulp Products Inc. Sales and Operating Earnings Summary Q1 Q4 Variance (millions of dollars unless otherwise noted) 2019 2018 Gross Sales $ 304.0 $ 289.7 $ 14.3 Operating income (loss) by segment: Pulp $ 15.5 $ 15.2 $ 0.3 Paper $ 5.9 $ 3.5 $ 2.4 Unallocated $ (3.3) $ (3.1) $ (0.2) Total opera